Last updated: August 14, 2024
Stake has acquired Italy-based Baldo Line and Idealbet.it, marking a significant expansion into the Italian market. This move follows Stake’s recent acquisition of Betfair Colombia and will see the establishment of a local office. The acquisition aims to bolster Stake’s global footprint and deliver innovative gaming experiences in Italy.
Stake has increased international access and authority after purchasing Italy-based sports betting and remote gaming operator Baldo Line’s part of the Octavian Group as well as Idealbet.it.
This strategic move is specifically devised to strengthen Stake’s positioning in targeted markets and further the brand’s international growth endeavor. Undoubtedly, the landmark move is geared towards intensifying Stake’s efforts to bring an unparalleled level of engaging gaming.
This acquisition is also aligned with Stake’s recent growth pattern, especially after it entered Latin America by buying Betfair Colombia in November 2023.
The addition of Idealbet.it, with an incumbent position in Italy, will enable Stake to offer quite several unique gaming products in Italy, benefitting from Italy’s fairly developed and large market to gain more out of it.
When acquiring the company, the firm wants to open a new office in Italy and hire more people to work at Stake. Idealbet will continue to function under its current brand under Stake’s umbrella; thus, players will not feel the change as they will remain engaged with the same service.
According to Brais Pena, the Chief Strategy Officer at Easygo, which is the technology company behind Stake, the acquisition was subtle and quite relevant to the company’s plans as it now has global aspirations, more to it in Italy in particular. He went on to express the desire to work together with Idealbet to improve this aspect of customer relations.
Simone Pachera, Octavian’s CEO, was eager to discuss cooperation with Stake and how this could make a new approach to the Italian clients. Pachera acknowledged that Octavian, since establishing the Baldo Line, has laid a good groundwork for Idealbet using the AGP gaming system and HubCasino organizer.
He is sure that the successful experience of Stake, the well-established brand, will boost Idealbet’s performance and energize the Italian online gambling industry.
In the betting and gaming sector, Stake is the biggest brand known globally due to its unique appearance in the market. Stake has been giving players complete end-of-the-range gaming choices as well as advanced and modern technology since 2017.
To a large extent, Stake is committed to the client’s safety and ensuring that gambling remains an entertaining pursuit where clients can find tools and resources carefully selected to help them better manage gaming activities.
